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Questions To Ask Before Buying Car Insurance In India


wealthymattersWhenever you are buying a car insurance, more often than not, there isn’t much thought given as compared to any other services or product you buy.  It’s typically a no-questions-asked affair. But that’s not a right thing to do. It is of utmost importance that you get the right car insurance cover so that you don’t land yourself in trouble in the event of an accident.

There are insurance agents that can help you find the best car insurance coverage. However, there can be some agents that may mislead you into buying an under-par insurance cover. Nowadays, there are a lot of car insurance companies to choose from.  These companies offer a range of covers with varying premiums.  Thus you need to have the right knowledge before choosing a car insurance cover. But you may not have the time to research online for learning about car insurance. No worries, you can just ask the following questions in no particular order to help you choose the right policy –  Read more of this post

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Demonetization And Inflation


“When M1 enters the banking system and bumps up M3,that will, ceteris paribus, give an upward thrust to inflation .”

Service Tax And Bloggers


wealthymattersService Tax is a tax which is paid by the provider of service. Any person whose revenue from providing service (whether Consultancy/ Affiliate Sales/ Designing/ SEO or any other service) during the year is more than Rs. 10 Lakh is liable to pay service tax as per the tax rates prescribed by the govt.The govt keeps changing the service tax rate in the budget announced every year.

Sale of Ad Space is now a part of Service and Service Tax . From 1st July 2012 till 30th Sept 2014 the sale of ad space was specifically exempted from the levy of Service Tax as this was included in the negative list of services on which service tax is not applicable.However, Budget 2014 brought in an amendment and now sale of Ad Unit  attracts Service Tax . This Service Tax is applicable on all kinds of digital ads i.e. Direct Ad Sales, Google Adwords Ads, Ad Sales through Agents etc. Read more of this post

Income Tax For Bloggers


wealthymattersIncome of bloggers engaged in the profession of blogging is through:
1.Advertisements
2.Affiliate Sales
3.Services like Blog Consultancy, Blog Designing, SEO Services, Content Services etc
4.Any other Source like Freelance income etc.

While computing the income on which tax is to be paid, the total of all incomes earned by a blogger is taken into account. However, Income Tax is not payable on the Total Revenue earned but is payable on the Total Income earned. Total Revenue is the Gross Amount received and Total Income is the amount earned after Depreciation and Payment of Expenses incurred for the purpose of earning the Revenue. Read more of this post

Life Insurance As An Asset Class


wealthymattersWe all need life insurance to take care of the economic loss to our families in case of our early demise.

In case we are taking on huge debts, it also makes good sense to purchase life insurance of a value high enough to cover them in case of your untimely demise.

However, beyond this, most people don’t bother to dwell on life insurance, because it’s acutely uncomfortable contemplating one’s own mortality and talking of the death of another. Its easy to just purchase a term cover and proceed with investing in say mutual funds.

However, if you can control yourself emotionally and go beyond  common financial dogmas that straightaway class all insurance products as bad and recommend a strict segregation of investment and insurance, you open your mind to the fascinating world of life insurance as an asset class and can start designing your own financial products that give you better returns, safety and control. Think. All insurance products are ultimately about inflows and outflows of money at various times. And only your own knowledge and imagination are limits on what you can build. Who says you can’t combine various insurance products? Or insurance and other financial products in any order? That way the blended rates of return, tax treatment, risk-reward ratio, lock-in periods and greater overall control and ability to make course-corrections are in your control to much greater extents. Read more of this post

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